The import of epoxide resins to South Africa in 2023 stood at 30 million US Dollars. The forecasted data for 2024 to 2028 shows a consistent year-on-year increase in these imports, reflecting a stable growth trajectory. The values from 2024 to 2028 are projected as follows: 30.513, 30.73, 30.942, 31.15, and 31.353 million US Dollars. Year-on-year percentage variation indicates minimal changes, suggesting a steady market demand and supply balance.
Key trends to watch for in the future include:
- Innovation in epoxide resin applications that could drive demand.
- Fluctuations in global resin prices impacting import costs.
- Local industry developments and possible tariff changes influencing import dynamics.
- Environmental regulations affecting the production and import of epoxide resins.